Multi Commodity Exchange of India
Market cap ₹76,871 Cr
- P/E
- 63.08
- Day range
- ₹2,985.50 – ₹3,113.40
- 52-week range
- ₹1,762.10 – ₹3,481.40
- Volume
- 9.31 L
- Open
- ₹3,095.00
- Prev close
- ₹3,113.70
Latest results · Q1 FY27(consolidated)Revenue ₹702 Cr+88.1%Profit ₹413 Cr+103.5%Margin 58.9%YoY vs the same quarter last year
1 red flag to read up on
- medium
Material exchange filing
Show Cause Notice Received From GST Department · 30 Sept 2026
From NSE and BSE filings. A flag is a reason to read the filing, not a rating.
MCX in NSE indices and F&O
F&O margin for one lot of MCX (225 shares)Research profile
Composite 69 / 100Factor percentiles
Derived metrics
- Earn. yield
- 1.6%
- Graham no.
- ₹390.16
- vs Graham
- -87.1%
- ROE ÷ P/B
- 2.1%
- 12-1 mom.
- +73.6%
- Return / vol
- 1.60
- FCF yield
- 3.9%
Appears in 16 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 68 in NBFC| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Bajaj FinanceBAJFINANCE | ₹5.78 L Cr | 26.67 | 4.76 | 18.4% | 10.9% | — | 4.08 | +22.8% |
| National Stock Exchange of IndiaNSE | ₹4.13 L Cr | 39.37 | — | 33.0% | 41.0% | 78.0% | 0.01 | — |
| Bajaj FinservBAJAJFINSV | ₹2.65 L Cr | 26.27 | 3.45 | 26.2% | 11.0% | 41.0% | 5.52 | +19.1% |
| Shriram FinanceSHRIRAMFIN | ₹2.04 L Cr | 14.42 | 1.82 | 16.4% | 11.5% | — | 2.12 | +15.8% |
| Jio Financial ServicesJIOFIN | ₹1.35 L Cr | 77.96 | 1.05 | 1.2% | 2.0% | 63.0% | 0.32 | +73.2% |
| BSE LtdBSE | ₹1.31 L Cr | 47.00 | 19.91 | 44.8% | 60.0% | 67.0% | 0.00 | +63.5% |
| ICICI Prudential Asset Management CompanyICICIAMC | ₹1.31 L Cr | 37.67 | 25.19 | 85.8% | 115.0% | 73.0% | 0.00 | +16.3% |
| Multi Commodity Exchange of IndiaMCX | ₹76,871 Cr | 63.08 | 26.96 | 56.3% | 71.0% | 70.0% | 0.00 | +88.2% |
| Sector median | ₹26,914 Cr | 20.19 | 2.71 | 15.3% | 11.4% | 54.0% | 1.74 | +20.3% |
Sector as classified in the tracked universe; medians use every tracked NBFC company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 7d agoHeadlines about Multi Commodity Exchange of India from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 50.0
- EPS (TTM)
- ₹54.23
- Price / Book
- 26.97
- ROE (FY26)
- 56.3%
- ROCE (latest year)
- 71%
- Dividend yield
- 0.26%
Moving averages (NSE)
- 20-day
- ₹3,245.65
- Price below
- 50-day
- ₹3,226.26
- Price below
- 200-day
- ₹2,821.06
- Price above
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- DII
- FII
- Public
- Others
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date. Not adjusted for the split of 2 Jan 2026: earlier bars are per pre-split share.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 165 | 192 | 181 | 234 | 286 | 301 | 291 | 373 | 374 | 666 | 889 | 702 |
| Expenses | 195 | 212 | 79 | 102 | 106 | 108 | 131 | 132 | 132 | 172 | 224 | 208 |
| Operating Profit | -30 | -21 | 102 | 133 | 179 | 193 | 160 | 241 | 242 | 494 | 665 | 494 |
| OPM % | -18% | -11% | 56% | 57% | 63% | 64% | 55% | 65% | 65% | 74% | 75% | 70% |
| Other Income | 19 | 18 | 20 | 19 | 26 | 24 | 30 | 33 | 27 | 31 | 36 | 50 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 7 | 11 | 14 | 13 | 14 | 15 | 22 | 17 | 20 | 22 | 19 | 21 |
| Profit before tax | -17 | -14 | 108 | 138 | 191 | 202 | 168 | 256 | 249 | 503 | 682 | 523 |
| Tax % | 9% | -63% | 19% | 20% | 20% | 21% | 20% | 21% | 21% | 20% | 22% | 21% |
| Net Profit | -19 | -5 | 88 | 111 | 154 | 160 | 135 | 203 | 197 | 401 | 530 | 413 |
| EPS in Rs | ₹-0.75 | ₹-0.21 | ₹3.45 | ₹4.35 | ₹6.02 | ₹6.28 | ₹5.31 | ₹7.97 | ₹7.74 | ₹15.73 | ₹20.78 | ₹16.21 |
From company filings, updated 24 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
+2 days since Mar 2021
+2 days since Mar 2021
-41 days since Mar 2021
Strengths, risks & growth
The MCX) commenced operation in Nov,03 is India’s first listed, national-level, electronic exchange, and India’s leading commodity derivatives exchange which offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem. The Exchange operates under SEBI. [1]
Strengths
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 48.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.4%
- Company has been maintaining a healthy dividend payout of 29.8%
- Company's median sales growth is 24.0% of last 10 years
Risks
- Stock is trading at 27.0 times its book value
Compounded Sales Growth
- 10 Years
- +26%
- 5 Years
- +43%
- 3 Years
- +65%
- TTM
- +110%
Compounded Profit Growth
- 10 Years
- +31%
- 5 Years
- +49%
- 3 Years
- +108%
- TTM
- +136%
Stock Price CAGR
- 10 Years
- +28%
- 5 Years
- +55%
- 3 Years
- +89%
- 1 Year
- +68%
Return on Equity
- 10 Years
- +20%
- 5 Years
- +28%
- 3 Years
- +36%
- Last Year
- +56%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| FII | 20.64% | 26.07% | 29.85% | 27.06% | -2.79 pp |
| DII | 59.16% | 54.35% | 50.80% | 55.16% | +4.36 pp |
| Government | 0.00% | 0.01% | 0.01% | 0.01% | 0.00 pp |
| Public | 20.03% | 19.38% | 19.15% | 17.57% | -1.58 pp |
| Others | 0.19% | 0.19% | 0.19% | 0.19% | 0.00 pp |
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 34.01% (+3.88 pp)- Promoters0.0%
- Foreign institutions27.1%
- Mutual funds34.0%
- Insurance5.2%
- Other domestic institutions16.1%
- Retail13.8%
- Others3.9%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| Nippon India Growth Mid Cap Fund | 2.01% | 3.22% | +1.03 pp |
| Motilal Oswal Midcap Fund | 1.87% | 3.74% | +0.27 pp |
| ICICI Pru Large & Mid Cap Fund | 1.34% | 3.40% | +1.94 pp |
| Nippon India Small Cap Fund | 1.17% | 1.14% | +0.13 pp |
| Motilal Oswal Large & Midcap Fund | 1.14% | 4.60% | +0.34 pp |
Scorecard
- Performance
- High
- Valuation
- High
- Growth
- High
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026. Adjusted for 1 corporate action.
Risk
- Volatility (1Y)
- 37.9%
- Downside volatility
- 37.0%
- Worst 5% of days
- 3.5%
- Average of that tail
- 4.9%
- Max drawdown (1Y)
- 24.5%
- Below its peak
- 12.2%
Against the market
- Beta vs Nifty 50
- 0.86
- Correlation
- 0.30
- Relative strength (3M)
- +15.0%
- ATR (14)
- 3.6%
Return
- Return 1M
- -7.4%
- Return 3M
- +9.7%
- Return 6M
- +8.5%
- Return 1Y
- +60.7%
- vs 200-day average
- +7.1%
Momentum
- RSI (14)
- 38.3
- MACD histogram
- -33.76
- Stochastic %K
- 8.1
- ADX (14)
- 17.7
- +DI / −DI
- 14.3 / 30.0
- Money flow index
- 38.5
Participation
- Delivery (20d avg)
- 42.8%
- vs its 60-day baseline
- +1.0 pts
- Volume vs 20-day
- -1.4σ
- Close vs day's VWAP
- -0.0%
- 52-week position
- 78 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
No F-Score: it needs two reporting periods a year apart that carry both an income statement and a balance sheet, and this company's filings do not yet line up that way. The ratios below need only the one period and are unaffected.
- Free cash flow
- ₹2,962 Cr
- FCF yield
- 3.9%
- Cash conversion
- 2.28
- Accruals ratio
- -0.227
- Net debt
- -₹815 Cr
- Net debt / equity
- -0.29
- EV / sales
- 28.91
- Capex intensity
- 3.1%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividend₹8.00
Dividend - Rs 8 Per Share
28 Aug 2026ex-date - splitNot available — not reported in this filing
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
2 Jan 2026ex-date - dividend₹30.00
Dividend - Rs 30 Per Share
8 Aug 2025ex-date - dividend₹7.64
Dividend - Rs 7.64 Per Share
19 Sept 2024ex-date - dividend₹19.09
Dividend - Rs 19.09 Per Share
15 Sept 2023ex-date - dividend₹17.40
Dividend - Rs 17.40 Per Share
19 Sept 2022ex-date - dividend₹27.60
Dividend - Rs 27.60 Per Share
26 Aug 2021ex-date - dividend₹30.00
Annual General Meeting/Dividend - Rs 30 Per Share
21 Aug 2020ex-date - dividend₹20.00
Annual General Meeting/Dividend - Rs 20 Per Share
12 Sept 2019ex-date - dividend₹17.00
Annual General Meeting/Dividend- Rs 17 Per Share
23 Aug 2018ex-date - dividend₹15.00
Annual General Meeting/Dividend - Rs 15 Per Share
14 Aug 2017ex-date - dividend₹6.50
Annual General Meeting/Dividend - Rs 6.50 Per Share
9 Sept 2016ex-date - dividend₹10.00
Annual General Meeting/ Dividend - Rs 10/- Per Share
16 Sept 2015ex-date - dividend₹3.00
Annual General Meeting And Dividend Rs.3/- Per Share
11 Sept 2014ex-date - dividend₹7.00
Interim Dividend Rs.7/- Per Share
21 Nov 2013ex-date - dividend₹12.00
Annual General Meeting And Dividend Rs.12/- Per Share
18 Sept 2013ex-date - dividend₹12.00
Interim Dividend Rs.12/- Per Share
15 Nov 2012ex-date - dividend₹6.00
Annual General Meeting And Dividend Rs.6/- Per Share
14 Sept 2012ex-date - dividend₹18.00
Interim Dividend Rs.18/- Per Share
26 Apr 2012ex-date
Company announcements
Intimation of Schedule of a Conference Call for Investors and Analysts
Incorporation of wholly owned subsidiary company
Multi Commodity Exchange Of India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve the Un-audited ....
Change in role of KMP
Change in role of KMP
Change in role of KMP
Show Cause Notice received from GST Department
Appointment of Chief Business Officer
Appointment of Chief of Innovation
Scrutinizer's Report for the 24th Annual General Meeting of the Company.
Voting Results of the business transacted at the 24th Annual General Meeting of the Company.
Intimation of schedule of Analyst / Investor Meeting
Intimation of schedule of Analyst / Investor Meeting
Proceedings of Annual General Meeting
Filed with BSE (scrip 534091); the last 45 days. Documents open at bseindia.com.
SEBI filings & orders
From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.
Regulatory orders
- Adjudication order
Adjudication Order with respect to 23 entities in the matter of trading by certain entities in Mentha Oil futures contracts at Multi Commodity Exchange of India Limited
31 Mar 2023Read on SEBI - Settlement order
Settlement Order in the matter of trading by certain entities in Mentha Oil futures contract at Multi Commodity Exchange of India Limited
6 Mar 2023Read on SEBI - Adjudication order
Adjudication Order in respect of Multi Commodity Exchange of India Limited
4 Jan 2023Read on SEBI - Order
T.P. (C) No. 607-612/2020 - Multi Commodity Exchange of India Ltd. vs. SEBI and Ors. decided by Supreme Court
1 Sept 2022Read on SEBI - Order
Order in the matter of National Multi Commodity Exchange of India Limited now known as Indian Commodities Exchange Limited
17 Nov 2021Read on SEBI
Documents
Annual reports
Earnings calls
- Aug 2026TranscriptSlides
- May 2026TranscriptSlidesRecording
- Feb 2026TranscriptSlidesRecording
- Nov 2025TranscriptSlidesRecording
- Aug 2025TranscriptSlidesRecording
- May 2025TranscriptSlidesRecording
Documents open at BSE or the rating agency that issued them.
Multi Commodity Exchange of India: common questions
Answered from the figures on this page.
